Short-term AB=CD pattern finished. Building a bottom here. Thinking long.
Long term potential AB=CD first part finished. at 0.618 level. Should be a decent try area.
- FED hawkish last week. Balance sheet reduction in talk right now. Should have much more clear image going forward. As long as the hiking is still expected, still want to long USD going forward
Negative would be EUR could be strong these days due to Macron huge win headline in France. But Brexit talk and other election events in the EU area could weigh on EUR.
Long term potential AB=CD first part finished. at 0.618 level. Should be a decent try area.
- FED hawkish last week. Balance sheet reduction in talk right now. Should have much more clear image going forward. As long as the hiking is still expected, still want to long USD going forward
Negative would be EUR could be strong these days due to Macron huge win headline in France. But Brexit talk and other election events in the EU area could weigh on EUR.
EUR is in the short-term bearish trend
GBP down due to Carney dovish, saying not a good time to move the rates.
A small negative comes from somewhat dovish Evans from the FED, saying need to monitor the inflation before the next hike.